IFC Markets Scammed Me of $2,000

The international Forex & CFD broker, IFC Markets, is used by over 10,000 global investors. However, the WikiFX exposure channel has received complaints about this broker recently. What happened？ Is IFC Markets a scam？ Lets figure it out.

Complainants Story

I opened a live account with this broker and funded my account via WebMoney with an amount of $2,000 (13th Jan. 2021), and then I received a $600 bonus.

Transaction details

After only 12 hours, I found out that my account had been blocked and received an email claiming that my account had been closed because of Arbitrage! But I did not open any trade on my account at all. The most important note, in this case, is that IFC Markets blocked my whole balance and they did not allow me to withdraw my initial deposit ($2,000).

They referred me to section 5.2 of the client agreement and claimed that they had the right to block my account, ALL of my balance, and even my INITIAL DEPOSIT! I really can not understand what is going on here...I even did not open any trade on my account. This clearly is a SCAM!!!

E-mail chat history with the IFC Markets customer service

Broker Review

As per investigation, the score of IFC Markets is only 1.48 on the WikiFX APP. According to the latest risk warning, this broker currently has no valid regulatory information. The Virgin Islands FSC regulatory license claimed by this broker is a suspicious clone, please be aware of the risk!

The score of IFC Markets is only 1.48 on WikiFX

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